0
If The amount of an item listed on chapter 7 discharge was incorrect what can company come after me for the balance?
The exact amount is usually not easily determined. The documents have to be prepared with the information available then, but technically the amount is supposed to be as of the date of filing.
A discharge applies to all debts and any amounts owed as of the date of filing, regardless of the amount listed in the creditor schedules. Any attempt to collect any part of those debts is in violation of the automatic stay
What else can I help you with?
What type of document does a company file when a notice of bankruptcy is received on behalf of a debtor?
If it is a no-asset chapter 7, and the company is listed as a creditor with a balance reasonably close to the actual balance as of the date of filing, the company has nothing to do other than taking the debt as a tax write-off.If it is an asset chapter 7 or a chapter 13, the company should file a proof of claim on the form required by the court withing the time period for filing POCs.
What if a balance sheet doesn't balance?
This can mean that either you got the maths wrong, or that the business has not accounted for one or more transactions. Ex: Company purchased $2,000 in equipment in cash. You Debit the equipment, but forget to Credit the cash balance. That incorrect transaction would cause the accounting equation to be incorrect. The accounting equation is... Assets = Liability + Owner Equity
Where do you find positive and negative numbers in finance?
In a company balance sheet.In a company balance sheet.In a company balance sheet.In a company balance sheet.
Mortgage lates after filing chapter 7 Can a mortgage company report lates after filing of a chapter 7 and before a discharge?
Yes. That reporting to a credit agency of an item of fact, is not an attempt to collect the debt. Your not expecting you mortgage debt to be discharged are you?
If your company declares bankruptcy does this discharge your guaranty?
If the company is a corporation and you personally guaranteed the debt, the corporation's discharge of its debts does not discharge your obligation. If the company is you as a "DBA" then more than likely the discharge of the DBA (doing business as) discharges your personal guarantee.
Can you give me a sample letter to get an incorrect item removed off my credit the item is correct but the balance is not?
Just write a simple letter explaining the discrepancy. Make sure you send the letter to the company that shows the incorrect amount and to the credit bureau.
If a company has overdrawn its bank balance then what is the answer?
if the company has overdrawn it balance that means the company ow the bank' in other words the company had made an overdraft, it is the liability to the company..
If your company is owed money from a company that goes into Chapter 11 what do you need to do?
If a company goes into a Chapter 11 owing your company money, you need to submit a claim to the bankruptcy court yesterday.
What is a good mortgage company than can help you out of chapter 13?
A Mortgage company can not help you get out of chapter 13 when your ten years is up then your be out.
What company makes new balance shoes?
New balance!
What is the trial balance of a company?
The trial balance of a company is a list of all the accounts (income, expense and balance sheet) with their current balances. A trial balance should always total zero
Is accounts payable a debit or credit?
Accounts Payable is the amount which is payable by company for the merchandise purchased by company but payment is due in future, as it is the liability of company so like all liability accounts it has credit balance as normal balance.
